PSG sells minority stake to US firm Arctos Partners
Paris Saint-Germain owner Qatar Sports Investments has agreed to sell a minority stake to U.S. private equity platform Arctos Partners
Paris Saint-Germain owner Qatar Sports Investments agreed to sell a minority stake to U.S. private equity platform Arctos Partners on Thursday.
Financial terms of the deal were not disclosed by the French league club. Arctos will own up to 12.5% of the club, valuing PSG at between 4 billion euros ($4.32 billion) and 4.25 billion euros, two people familiar with the deal who were not authorized to speak publicly told The Associated Press.
The French league champion said Arctos' investment will go toward growing PSG operations “into new markets, including North America” and supporting plans to develop its stadium and training center. The city of Paris owns the 48,000-seat Parc des Princes stadium where PSG plays.
Arctos, as a non-controlling partner, won’t have a say in sporting matters.
“QSI will continue to have full control of all decisions at PSG,” the club said in a statement.
Since it took over 12 years ago, QSI has increased PSG’s net expenditure to more than 1 billion euros ($1.1 billion).
The club has become a dominant force on the domestic stage — having won nine of the last 11 league titles — but has repeatedly failed to win the Champions League despite buying superstar forwards Kylian Mbappé and Neymar in 2017 then adding Lionel Messi in 2021.
Messi and Neymar left Paris this year — to play in the U.S. and Saudi Arabia, respectively — and Mbappé has been widely expected to join Real Madrid next year.
Still, PSG is almost certain to get one of 12 European entries for the 2025 Club World Cup in the U.S. when FIFA reboots it as a 32-team event played every four years. Clubs should
Read more on abcnews.go.com
